PROPELL SECTIONAL TITLE FINANCE

PROJECT LOAN

Over and above routine maintenance, bodies corporate of sectional titles and homeowners association need to undertake capital-intensive projects like painting, installation of water and electricity meters, laying of fiber optic networks or security upgrades. These projects should ideally be funded from cash reserves. But in reality, owners struggle with costly levies and insufficient reserves that often result in delays to urgent maintenance and decreasing property values.

The better way to fund capital-intensive projects and routine maintenance.

Propell's Project Loan is the solution: Available at competitive interest rates, providing bodies corporate and homeowners association with the funding needed for maintenance and capital-intensive overdue projects. The repayment terms of these loans match the useful life of improvements, meaning owners pay only for the portion of the improvements that they utilize. The project loan is a revolving facility, so funds can be withdrawn when needed and there is no penalty for early settlement, as costs are only incurred when the facility is used.

DEBTOR FINANCE

The better way to achieve financial stability.

Propell can assist bodies corporate of sectional titles and homeowners association with Debtor Finance. This entails financing arrear levies owing at the date of inception of a relationship with Propell and monthly cash flow assistance.

The result is a predictable monthly income stream that enables clients to meet their budgets, quickly and efficiently, whilst doing work that is unhindered by overdue levies. Debtor Finance is designed to reduce cash flow volatility as advances are made when delinquency worsens, while the loan is repaid when defaulting owners settle their debts.

PROPELL ONLINE PORTAL

Trustees and managing agents can gain access to reports through Propell’s online portal.